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<p>[QUOTE=&quot;V. Kurt Bellman, post: 1984046, member: 71723&quot;]All debt is money, and all money is debt. They are synonymous. When total debt in the economy rises, so does the money supply. When total debt falls, so does the money supply.</p><p><br /></p><p>All macroeconomics is counterintuitive. What households should never do, governments not only should, they MUST! And vice versa. Public thrift and private spending are partners, as are public spending and private thrift.</p><p><br /></p><p>If that sounds all &quot;Alice in Wonderland&quot; to you, it&#039;s okay. It&#039;s not supposed to make so-called &quot;common sense&quot;. Using &quot;common sense&quot; in macroeconomics will steer you wrong almost every time.[/QUOTE]</p><p><br /></p>

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